The Board of Directors of China Resources and Transportation Group Limited announces that Mr. Yip Tak On has resigned from the positions of Independent Non-executive Director, the chairman of the Audit Committee and Remuneration Committee and the member of the Nomination Committee of the Board with effect from the date of this announcement and announced that Ms. Chan Chu Hoi has been appointed as an Independent Non- executive Director, the chairman of the Audit Committee, and a member of the Remuneration Committee and Nomination Committee of the Board with effect from the date of this announcement. Ms. Chan from June 2015 to April 2017, she was the senior manager of the investment division and investment analyst of the Securities Division of a subsidiary of Ceneric (Holdings) Limited. At present, Ms. Chan is working for a private company as a senior financial advisor.